LAGOS – Oil producing companies in the country that failed to unload its oil production data into the official platform would be sanctioned, the Department of Petroleum Resources (DPR) has said
Mr. Ahmad Shakur, Acting Director of the agency gave the warning yesterday at the sensitisation workshop organised by DPR on National Production Monitoring System (NPSM) for oil and gas operators compliance officers in Lagos.
Shakur, who was represented by Mr. Akpomudjere Okiemute, Assistant Director, Management branch of Upstream of DPR, explained that the purpose of the engagement is to ensure full compliance to production and export data upload into the official platform.
“We have observed over the years that some companies are yet to comply fully with the data submission via the NPMS portal in contravention of the provisions of Section 43 and 52 of the Petroleum (Drilling and Production) regulations of1969 as amended. The agency has set up a compliance team with the task to drive monitor and ensure full compliance with data submission via the platform”, he said.
He explained that such collective platform would deepen stakeholders understanding of the operations and relevance of NPMS Nigeria
He said oil and gas account for about 90 per cent of Nigeria’s revenue so it was essential that the national government, through the DPR, have firm grip on oil and gas production, transfer to terminal and exports.
“The NPMS is a web-based platform that provides rapid and efficient electronic data collection database and reporting system, which is envisaged to replace the paper-based reporting.
“The NPMS project implementation includes two pilot exercise where the DPR collected real-time data at source (one land-based terminal and one Floating Production Storage and Offloading (FPSO).
The post DPR Goes Tough On Oil Producers Over Production Data appeared first on Independent Newspapers Nigeria.
Source: Independent
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